And the EU is an extremely heavily regulated market, with almost no real innovation, just check how many startup unicorns there are vs any other part of the world.
How does a startup unicorn have anything to do with innovation? All a startup unicorn proves its ability to convince early investors they will make a big exit eventually.
I don't disagree or agree, but it often seems like the economy is 1% actual innovation and 99% phony innovation. For instance, most business apps are all the same app under the hood (e.g. a CRUD app) with the only difference being the type of data being stored. A lot of technology is fundamentally "done" but keeps receiving cosmetic changes presumably so the employees can justify their paycheck and business folks have something to market. None of these are "innovations" despite being marketed as such.
